Private Mortgage Insurance (PMI) Calculator

Home Price

Down Payment

10%

Interest Rate (%)

Loan Term

Credit Score Range

Estimated PMI Rate

0.8%

Estimated Monthly PMI Payment

$234.00

Monthly Payment (P&I + PMI)

$2,509.44

Monthly Payment (After PMI Drops)

$2,275.44

When PMI Can Drop Off

PMI can drop off after approximately 7 years and 11 months when your loan balance reaches 80% of your home's original value.

Note: This estimate does not include homeowners insurance premiums, HOA fees, or property taxes.

PMI Calculator powered by HomeLight

This calculator provides estimates only and should not be considered financial advice. Actual PMI rates and requirements vary by lender, loan type, and individual circumstances. Consult with a qualified mortgage professional for personalized guidance.